RiverFront Investment Group LLC Makes New $331,000 Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

RiverFront Investment Group LLC acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,557 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vanguard Mega Cap ETF in the fourth quarter worth about $31,000. Key Financial Inc acquired a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $40,000. Finally, Tsfg LLC bought a new stake in Vanguard Mega Cap ETF during the 4th quarter valued at approximately $42,000.

Vanguard Mega Cap ETF Stock Down 2.1 %

MGC opened at $200.30 on Friday. The stock’s 50 day moving average price is $213.31 and its two-hundred day moving average price is $212.15. The firm has a market capitalization of $6.17 billion, a P/E ratio of 26.29 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $176.66 and a 12-month high of $222.75.

Vanguard Mega Cap ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.5985 per share. The ex-dividend date of this dividend is Thursday, March 27th.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.